Fayez Sarofim & Co. manages investment portfolios for a wide range of clients including pension plans, foundations, endowments, and individuals. For over five decades, since the firm's founding in 1958, Sarofim has focused exclusively on investment management. The firm is an independent entity owned and managed by its founder, Fayez Sarofim, and a team of 20 investment professionals. As of March 28, 2013, Sarofim had $29 billion in assets under management. The firm makes select private equity investments.